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Existence of First-Order Locally Consistent Equilibria

Antonio D'Agata

Annals of Economics and Statistics, 1996, issue 43, 171-179

Abstract: This note proves the existence of a first-order locally consistent equilibrium (see, for example, Bonanno and Zeeman [1985], Gary-Bobo [1989a], [1989b]) with more general strategy spaces and without the "boundary conditions" employed by Bonanno and Zeeman [1985]. Two examples of application are also provided.

Date: 1996
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